If you think getting paid in cash for your house is impossible, think again. Cash-only transactions are even growing in popularity, and behind them are perfectly legit investors who buy and sell properties for profit.
The following are great reasons to sell your house for cash:
The transaction closes faster. Without a doubt, cash-only transactions are faster than the conventional method of selling a house. Once you and the buyer have set a price, you only have to wait for the paperwork and the payment can be transferred to you. This can all happen within a week or two, depending on how fast the details can be ironed out.
You are assured of a close.
Typical buyers can make it appear like they’re very sure about buying your property, but you can’t really tell what issues may arise. For instance, the bank or lender may reject their loan application, or they may simply find another property that they think is better for them. This can be totally frustrating, but you can steer clear of this scenario by choosing a cash buyer. Again, as soon as a price has been set by both sides, it’s good to go.
You get a rent option.
What’s great with cash-only buyers is that they explore other ways of gaining profit besides just selling the property. For example, they may allow you to rent it so you don’t have to move to another location. This can be very convenient for you, especially if you have kids in the family.
It helps you survive a foreclosure.
If you need cash fast, a cash buyer will obviously give you the money you need. This can be particularly helpful if your house Is facing foreclosure. With a cash buyer, you don’t have to worry about beating deadlines and starting a whole new life on a clean slate.
You can expect an honest valuation.
Buyers normally take care of valuations to guarantee fairness in determining the property’s cost and market value. This means you won’t have to worry about another buyer possibly giving you a better deal.
You can expect convenience and efficiency.
When people decide to sell their homes to cash-only buyers, it’s usually because they want the transaction to be completed as quickly as possible. The good news for them is that cash buyers want the same. After all, they’re in business for the profit. The faster the transaction concludes, the sooner they can begin working on it and making money out of it.